Mesa Laboratories Stock Forecast
Green day on Monday for Mesa Laboratories stock after gaining 0.199%
(Updated on May 06, 2024)
The Mesa Laboratories stock price gained 0.199% on the last trading day (Monday, 6th May 2024), rising from $115.50 to $115.73. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.07% from a day low at $113.87 to a day high of $116.23. The price has risen in 8 of the last 10 days and is up by 13.17% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 34 thousand shares were bought and sold for approximately $3.91 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $118.26 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.52% during the next 3 months and, with a 90% probability hold a price between $107.46 and $124.79 at the end of this 3-month period.
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MLAB Signals & Forecast
Mostly positive signals in the chart today. The Mesa Laboratories stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $109.94 and $104.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 16.43%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Mesa Laboratories stock
On the downside, the stock finds support just below today's level from accumulated volume at $105.05 and $104.27. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Mesa Laboratories finds support just below today's level at $105.05. If this is broken, then the next support from accumulated volume will be at $104.27 and $99.40.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.35 between high and low, or 2.07%. For the last week, the stock has had daily average volatility of 4.84%.
Since the Mesa Laboratories has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $110.84 (-4.23%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (MLAB) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Mesa Laboratories to open at $115.28, and during the day (based on 14 day Average True Range), to move between $111.15 and $120.31, which gives a possible trading interval of +/-$4.58 (+/-3.96%) up or down from last closing price. If Mesa Laboratories takes out the full calculated possible swing range there will be an estimated 7.92% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $105.05, some $10.68 (9.23%) from the current price of $115.73, our system finds the risk reward attractive.
Is Mesa Laboratories stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Mesa Laboratories stock to perform well in the short-term.
Current score: 1.428 Buy Candidate Unchanged
Predicted Opening Price for Mesa Laboratories of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
$115.28 ( 0.393%) | $115.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MLAB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 117.63 | 1.64 % | |
R2 | 116.73 | 0.86 % | ||
R1 | 116.17 | 0.384 % | ||
Current price: | 115.73 | |||
Support | S1 | 114.38 | -1.17 % | |
S2 | 113.82 | -1.65 % | ||
S3 | 112.92 | -2.43 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 115.73 | |||
Support | S1 | 105.05 | -9.23% | |
S2 | 104.27 | -9.90% | ||
S3 | 99.40 | -14.11% |
MLAB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 04, 2024 | May 31, 2024 | Jun 14, 2024 | $0.160 | 0.138% |
2 | Apr 02, 2024 | May 30, 2024 | Jun 14, 2024 | $0.160 | 0.138% |
3 | Jan 02, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.160 | 0.158% |
4 | Oct 03, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.160 | 0.145% |
5 | Jul 05, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.160 | 0.130% |
FAQ
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